OIH BOD Summaries

Orascom Investment Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

Head Office: Nile City Towers, South Tower,

2005 A corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt

Authorized Capital: EGP 2,885,129,841 billion

Issued Capital: EGP 577,025,968.2 (fully paid)

Number of Issued Shares: 5,245,690,620

Commercial register number: 394061 Cairo

Summary of the Board of Directors Resolutions

25 October 2022

Via Circulation

On Tuesday 25 October 2022, upon the invitation of Eng. Akil Hamed Beshir-Chairman of the Board, the following resolutions were taken via circulation by the following members of the Board of Directors, namely:

· Eng. Akil Hamed Beshir, Non-Executive Chairman (independent);

· Eng. Naguib Onsi Sawiris, CEO and Managing Director;

· Eng. Iskandar Shalaby Naguib Shalaby, Executive Board Member;

· Eng. Hassan Mostafa Abdo, Non-Executive Board Member;

· Mr. Ashraf Abdel Tawab Salman, Non-Executive Board Member (independent);

· Mr. Oussama Daniel Nassif, Executive Board Member;

· Mr. Mohamed Hamdan Ashmawy, Non-Executive Board Member (independent); and

· Mrs. Wafaa Shoukry Zaklama, Non-Executive Board Member.

Ms. Nada Yasser Hafez was appointed as the Meeting's Secretary.

The Resolutions:

First resolution: The Board unanimously accepted the resignation of Mr. Akil Hamid Bashir as Chairman of the Board starting from 01/11/2022, while continuing to serve as non-executive Board Member, provided that such resolution will be submitted to the Company's shareholders during the next general assembly meeting for their confirmation. 

Second resolution: The Board unanimously resolved to change to capacity of Engineer Naguib Onsi Sawiris as Managing Director and CEO and his appointment as Executive Chairman of the Company as of 01/11/2022, provided that such resolution will be submitted to the Company's shareholders during the next general assembly meeting for their confirmation. 

Third resolution: The Board unanimously approved the nomination of Mr. Marwan Mohamed Hussein as the Company's Chief Executive Officer as of 01/11/2022.

Chief Financial Officer

Marwan Mohamed Hussein